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Sunday, December 22, 2002

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INDUSTRY & ECONOMY

INVESTMENTS


Policies for children
AMONG the more popular insurance policies introduced recently are the ones for children. The payouts are spread out to coincide with significant milestones in the child's life, such as completion of secondary education and commencement of ... More

Uninteresting year for savers
THE year 2002 will be marked out as one in which savers were placed in a tighter spot than ever before. It will also be a watershed for the massive sums of money coughed up by the Government to bail-out the Unit Trust of India — a burden ... More

ANTI-DUMPING


Central Silk Board hails move
THE directive by the Designated Authority of the Directorate-General of Anti-Dumping (DGAD) to levy an additional duty on Chinese raw silk is expected to lift the domestic silk prices. Industry sources said the latest move is expected to have a ... More

Dumping duty on raw silk imports recommended
THE Designated Authority in the Commerce Ministry has recommended imposition of provisional anti-dumping duty on imported mulberry raw silk (not thrown) from China, even as import of raw silk has been liberalised, increasing the availability of ... More

AUTOMOBILES


Auto sector valuations: What will drive them higher?
THE domestic automobile industry would like to believe it is the barometer of the economy. Such a belief is in line with international trends since in most mature economies the automobile industry's performance is viewed as a reflection of the ... More

Auto stocks: Powered by the launches
NEWS drives stocks. And this is so in the automobile industry too. However, the spectacular success of the new entrants post-liberalisation has ensured that there is a tendency to factor in future earnings by a large margin for valuing auto ... More

ECONOMY


NDC adopts 10th Plan document — PM calls for unity of purpose
THE National Development Council (NDC) today adopted the Tenth Five-Year Plan (2002-07) document with the Prime Minister, Mr Atal Bihari Vajpayee, calling for "unity of purpose" by both the Centre and the States to realise the ambitious eight per ... More

States' growth crucial: CMs
IN the golden jubilee meeting of the National Development Council (NDC), the State chief ministers cutting across political affiliations laid out a litany of woes, demanding debt waiver, decentralisation of resources in favour of States and more ... More

FERTILISERS


How GNFC helps dress up NFL — New urea policy throws up interesting twist
IT is a unique case of a State Government-controlled company bailing out a Central public sector undertaking identified for privatisation. Well, this is precisely what the new urea pricing policy, approved by the Union Cabinet on Thursday, will ... More

FOREIGN TRADE


DGFT signs pact with SafeScrypt
THE Directorate-General of Foreign Trade (DGFT) has become India's first digital signature enabled agency, marking a big step forward in the promotion of paperless trading in the country's foreign trade sector. A memorandum of understanding has ... More

AUTOMOBILE COMPONENTS


Storage batteries: Recharged, but will the power last?
AFTER passing through a particularly draining phase during the two-year period ending March 2001, things appear to be charging up for battery producers. The imposition of anti-dumping duties, demand recovery and a soft trend in the prices of ... More

What's in store?
WHILE the prospects for the storage battery producers have improved of late, there are no signs of any alarming drop in demand in the near term. The optimism stems from the sustained increase in automobile production and increased activity in ... More

`Automotive batteries account for 30% of turnover' — Interview with Mr Jayadev Galla, Executive Director, Amara Raja Batteries
After a period of steady growth in earnings during the 1990s, the performance of Amara Raja Batteries has seen a slowdown slowed down in the last couple of years. The company has entered into the automotive segment and has broad-based its ... More

How powered they are
Exide: Buy
Amara Raja: Buy
Tudor India: Hold More

INDUSTRY ASSOCIATIONS


CII welcomes move to ease investment norms
THE Department of Industrial Policy and Promotion's (DIPB) recommendation to set up an Industrial Investment Facilitation Board (IIFB) as a Central agency to facilitate all investments has been welcomed by the Confederation of Indian Industry ... More

DISINVESTMENT


SEBI eases pricing norms for PSU disinvestment — 2-week average price criteria not applicable
THE Securities and Exchange Board of India (SEBI) has formally relaxed the pricing norms of an open offer to be made by an acquirer in cases of public sector disinvestments. SEBI has, effective December 18, amended its takeover code to specify ... More

SMALL SAVINGS


Small savings: Cut on the anvil
Administered interest rates will now be benchmarked to the average annual yields of government securities of equivalent maturities in the secondary market... Such adjustments will henceforth be made annually on a non-discretionary automatic ... More

WTO


India to gain from EU's agri proposals
THE European Union's (EU) agricultural proposals for the WTO negotiations would benefit developing countries like India as it addresses New Delhi's key concerns in the Doha Development Agenda relating to "implementation issues" including ... More

INCOME TAX


Housing loans/salary — Deduction for loan interest
AN employee has taken a loan from certain individuals for constructing his house. If the employee gives the particulars of the interest he pays for the loans, can the employer take cognisance of the same in arriving at the tax that needs to be ... More

Taxing fares and honorarium
I WAS a visiting professor to an American university for three months, and was paid an honorarium for my lectures. In India, I work as a professor and receive a salary for the same. I wish to know whether the amount I received in the US is ... More

TOURISM


`Peace may help Sri Lankan spread wings'
SRI Lanka is using the peace process to kick-start the economy and these initiatives are helping to attract investors especially in the infrastructure sector , according to Mr Daya Pelpola, Chairman Sri Lankan Airlines. He was here to attend the ... More
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SEBI eases pricing norms for PSU disinvestment — 2-week average price criteria not applicable


One more cautious step towards convertibility

Creating a `Made in India' brand for IPs

Dumping duty on raw silk imports recommended

In Focus
Inside China

Gujarat Elections
Stock scam unravelling
Small Investor
In Depth
Gender Justice
Simple Economics
India Interior
Consumer Notes
Looking back
Dec. 15-Dec. 21
Bio-diversity Bill: Choking bio-piracy or research?

Piracy deals blow to music industry

Ascon survey shows rise in industrial output

Divestment panel draws roadmap for TCIL — `Merge Semiconductor Complex with a PSU'

It's destination biogenerics for pharma

Diesel sales dip in November

`Kautilya's may be alternative model'

Rs 11,000-cr gap in direct tax collections

Withering orders dry up flower exporters' coffers

Specific duty for petrol, diesel likely


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